I need to be careful about saying things (NFA, DYOR) but I started @coinage_media to help explain things in crypto, so probably shouldn't be any different in talking about $COINAGE 😋
I mention the below not to entice new buyers, but more so to give an update for those curious in a transparent example of the creator coin trenches and ongoing explosion of the onchain creator economy on @zora@base
I continue to personally stack $COINAGE and haven't sold any, nor has @coinage_media (which can't through 2025.) Part of the reason for that is that I am more and more convinced that the first ever award-winning crypto media outlet built onchain is literally built for this moment in Web3.
- The Coinage DAO/Coop has now earned $141,000+ in trading fees in under 2 months on Zora. As a journalistic crypto outlet that does not sell guest spots, this is a significant windfall. This will enable us to continue putting out award-winning content and (hopefully) attract new advertisers.
- Coinbase recently paid $375M for Echo and paid $25M for @cobie to bring back the crypto podcast Up Only. That is a strong indicator that exchanges are waking up to the value of premium content (and to token issuance tooling like what I've built @trustless_media.) I pride myself on the production value we bring to Coinage. There aren't many outlets that focus on video like Coinage does — and we are the only one actually built onchain as a US DAO/Coop 🇺🇸 Only a matter of time...
- The trust Coinage continues to build has allowed us to leverage the brand in new ways. Progress continues in growing out our @coinage_x_daic validator operations. (More people are staking with us, more projects are interested in working with Coinage-branded validators.)
- Most importantly, we are seeing our flywheel turn. More $COINAGE holders are realizing there is a path to use their tokens (not just buy/sell) to mint membership passes at a 30% discount to join in co-owning Coinage Media via our DAO/Coop and earn patronage dividends from our shared contributions.
This has effectively taken ~2.6 million COINAGE tokens off the market. Prices will soon adjust when we hit 100 membership passes minted.
Demand 🔼
Supply 🔽
COINAGE-ETH is obviously a free floating peg, and I have no idea where price goes in that regard. But I do know Coinage's DAO has already approved a price increase on membership passes (priced in ETH) from 0.25 ETH to 0.5 ETH and is working on more proposals to come.
If the onchain creator economy is going to be a thing, presumably the first community-owned Web3 media outlet ever built onchain might also be a thing. And, presumably, a guy like me who has come from traditional media and seen exactly why it's broken, might be a good voice to tell that story.
This moment has been nearly 4 years in the making. And we're just getting started.
Join us.
@EricLDaugh Lets be real! What it means is that
- walmart will hire from third party who will up charge!!
- we surely need a reform to h1b but saying h1b doesnt contribute is a big fat lie!!